12-May-2025 6:00 AM CST - Business Wire Polestar reports Q1 2025 revenue growth of 84% and significant gross margin improvement to positive Polestar (Nasdaq: PSNY) reports select financial and operational results for the quarter ended March 31, 2025 (Q1 2025). Michael Lohscheller, Polestar CEO, said: We continue to make great progress, transforming our commercial operations and taking steps to reduce our cost base. We are selling more cars, at improved margins, resulting in revenue growth of 84%, a gross margin that is now positive, at 7%, and a narrowing net loss. We have a strong and growing
9-May-2025 3:30 PM CST - Business Wire Polestar Sets the Date for Q1 2025 Select Results Polestar (Nasdaq: PSNY) expects to publish Q1 2025 select financial results on 12 May 2025, before market open. Management will host a conference call at 14:00 Central European Time (08:00 US Eastern Time) the same day, accessible via the Polestar Investor Relations website. Polestar filed its annual report for 2024 on form 20-F with the U.S. Securities and Exchange Commission (SEC) on 9 May 2025. About Polestar Polestar (Nasdaq: PSNY) is the Swedish electri
16-Jan-2025 6:00 AM CST - Business Wire Polestar targets profitability in 2025; Polestar 7 will be a premium compact SUV from Europe Polestar (Nasdaq: PSNY) today presents an updated strategy, as the Company starts its next chapter, with significant changes being made to improve operational, commercial and financial performance. The updated business plan targets a compound annual retail sales volume growth of 30-35% for 2025 to 2027 and a positive adjusted EBITDA in 2025. Gaining commercial and operational momentum, further margin, fixed costs and working capital improvements are expected
16-Jan-2025 5:55 AM CST - Business Wire Polestar Publishes Selected Results for the Third Quarter and Updates FY 2024 Guidance Polestar (Nasdaq: PSNY) today presents selected preliminary unaudited results for the third quarter and first nine months of 2024. Key financial highlights (in millions of U.S. dollars) For the nine months ended September 30, For the three months ended September 30, 2024 2023 (restated)1 Change % 2024 2023 (restated)1 Change % Revenue 1,456.5 1,846.3 (21) 550.7 608.6 (10) Gross margin % (2.4) 1.0 N/A (1.4) (0.6) N/A
11-Oct-2024 6:30 AM CST - Business Wire Polestar Announces Global Volumes for the Third Quarter; to Provide Business and Strategy Update on 16 January 2025 Polestar (Nasdaq: PSNY) delivered approximately 11,900 cars in the third quarter, taking total deliveries for the first nine months of the year to 32,300 (2023: 41,844). Michael Lohscheller, Polestar CEO, says: Polestar has a great foundation to build upon, with access to the best EV technology, a global manufacturing capability and strong support from Geely. Together with the management team, we are conducting a review of our strategy and operations, to se
12-May-2025 6:00 AM CST - Business Wire Polestar reports Q1 2025 revenue growth of 84% and significant gross margin improvement to positive Polestar (Nasdaq: PSNY) reports select financial and operational results for the quarter ended March 31, 2025 (Q1 2025). Michael Lohscheller, Polestar CEO, said: We continue to make great progress, transforming our commercial operations and taking steps to reduce our cost base. We are selling more cars, at improved margins, resulting in revenue growth of 84%, a gross margin that is now positive, at 7%, and a narrowing net loss. We have a strong and growing
9-May-2025 3:30 PM CST - Business Wire Polestar Sets the Date for Q1 2025 Select Results Polestar (Nasdaq: PSNY) expects to publish Q1 2025 select financial results on 12 May 2025, before market open. Management will host a conference call at 14:00 Central European Time (08:00 US Eastern Time) the same day, accessible via the Polestar Investor Relations website. Polestar filed its annual report for 2024 on form 20-F with the U.S. Securities and Exchange Commission (SEC) on 9 May 2025. About Polestar Polestar (Nasdaq: PSNY) is the Swedish electri
16-Jan-2025 6:00 AM CST - Business Wire Polestar targets profitability in 2025; Polestar 7 will be a premium compact SUV from Europe Polestar (Nasdaq: PSNY) today presents an updated strategy, as the Company starts its next chapter, with significant changes being made to improve operational, commercial and financial performance. The updated business plan targets a compound annual retail sales volume growth of 30-35% for 2025 to 2027 and a positive adjusted EBITDA in 2025. Gaining commercial and operational momentum, further margin, fixed costs and working capital improvements are expected
16-Jan-2025 5:55 AM CST - Business Wire Polestar Publishes Selected Results for the Third Quarter and Updates FY 2024 Guidance Polestar (Nasdaq: PSNY) today presents selected preliminary unaudited results for the third quarter and first nine months of 2024. Key financial highlights (in millions of U.S. dollars) For the nine months ended September 30, For the three months ended September 30, 2024 2023 (restated)1 Change % 2024 2023 (restated)1 Change % Revenue 1,456.5 1,846.3 (21) 550.7 608.6 (10) Gross margin % (2.4) 1.0 N/A (1.4) (0.6) N/A
11-Oct-2024 6:30 AM CST - Business Wire Polestar Announces Global Volumes for the Third Quarter; to Provide Business and Strategy Update on 16 January 2025 Polestar (Nasdaq: PSNY) delivered approximately 11,900 cars in the third quarter, taking total deliveries for the first nine months of the year to 32,300 (2023: 41,844). Michael Lohscheller, Polestar CEO, says: Polestar has a great foundation to build upon, with access to the best EV technology, a global manufacturing capability and strong support from Geely. Together with the management team, we are conducting a review of our strategy and operations, to se
